Richard Gere has decided to give up acting and devote his life to the study of Buddhism. In order to provide for his future, he is going to deposit 50000 dollars each month for the next two years into an account. Immediately after his last deposit, he will spend three years in a Tibetan monastery. After leaving the monastery, he will begin making withdrawals from his account. He will make 24 equal annual withdrawals (that will deplete the account), the first coming on the day he leaves the monastery. If his account earns an interest rate of 6.6 percent convertible monthly for the entire life of the account, what will be the amount of each withdrawal?

Answer = dollars.